The Wall Street Journal - USA (2020-12-02)

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A16| Wednesday, December 2, 2020 ** THE WALL STREET JOURNAL.


BLM and Inauthenticity in Racial Relations


Shelby Steele’s “The Inauthenticity
Behind Black Lives Matter” (op-ed,
Nov. 23) abounds with baseless
claims that “we blacks aren’t much
victimized,” no longer “stunted by
racial persecution” and “far more
likely to encounter racial preferences
than racial discrimination.” Nothing
could be further from the truth.
At Brady United I see reality re-
fute Mr. Steele every day. To wit:
“We blacks” are twice as likely to be
killed by police than white Ameri-
cans. “We blacks” are more likely
than anyone else in the U.S. to die
from gun homicide. “We blacks” are
13% of the population but account for
almost half of the gun-violence
deaths.
This asymmetric loss doesn’t
evince “racial preference” but rather
the opposite. A recent review of liter-
ature on how neighborhood charac-
teristics interact with violent crime
linked “structural disparities,” such
as segregation, to racial disparities in
violent crime rates. In other words,
systemic racism is, in fact, real—as
are its consequences. And, contrary
to what Mr. Steele says, recognizing
systemic racism doesn’t mean creat-
ing an identity of victimhood. That’s
nonsense. I insist that black lives
matter because I recognize, cherish
and celebrate the full humanity of
black people. Acknowledging and dis-
mantling systemic racism isn’t a ves-
tige of “the old victim-focused racial
order” but an essential step toward
reaching a new one.
KELLYSAMPSON
Brady United
Washington

Many of those who state that
America is systemically racist and,
therefore, a dangerous country for
people of color at the same time call
for open borders or for a less restric-
tive immigration policy. Why aren’t
social-justice adherents warning po-
tential immigrants about entering
such an unsafe country? Were any
sympathetic Germans encouraging
Jews to emigrate to Nazi Germany?
Of course not, which illustrates that
these woke elites either don’t really
believe in the systemic-racist doc-
trine, or they simply do not care for
the safety and well-being of immi-
grant people of color. It must be one
or the other.
BRIANKARADASHIAN
Escondido, Calif.

The only thing you need to know
about the Black Lives Matter move-
ment can be distilled from events
that occurred Aug. 9. Barely men-
tioned in the news was the largest
mass shooting in over a year, at a

block party in Washington, D.C.
About 21 people were shot, all black.
The three or four shooters were also
black. BLM doesn’t seem to care
about the shooting or killing of black
Americans by other blacks. If it did,
this shooting would have had exten-
sive coverage and there would have
been demonstrations. What is BLM
really trying to achieve?
J.JOSEPHPERRY
Salt Lake City

Shelby Steele’s counsel to “never
deny the past, but it should only in-
form and inspire.” We Jews were
slaves in Egypt for 400 years, and we
have long since moved (despite per-
sistent anti-Semitism) from being
victims to becoming survivors. Every
time I open my prayer book we’re
called to “remember that you were
slaves.” And yet our sages were wise
enough to caution that it was much
easier to get Israel out of Egypt than
to get Egypt out of Israel. Mr. Steele
writes: “We don’t have to fight for
freedom so much anymore. We have
to do something more difficult—fully
accept that we are free.”
Hey, sometimes that means wan-
dering in the desert for 40 years.
RABBIREBECCAKUSHNER
Iowa City, Iowa

I was born with spina bifida, in-
volving a number of physical anoma-
lies. But this was long enough ago
that I was not promptly dropped into
the category of “disabled.” I was
treated as an individual, not a type.
But society began to insist on the
victim label.
We are said to be aiming for diver-
sity. But oddly the diversity move-
ment, as we are experiencing it, actu-
ally reinforces categorizing. Diversity
goals must be organized as a man-
ageable number of types, not a ca-
cophony of individuals. Could this
phenomenon be a true core of “struc-
tural isms,” whether racism, ableism
or whatever—meaning not that rac-
ism or ableism persist dominantly in
fact, but rather that our mental, me-
dia and mythic capacities are so lim-
ited that we cannot function as a
large community except in gross
types?
Mr. Steele’s challenge that people
accept the hard work of freedom and
individuality may only be the smaller
part of the solution he seeks. Even
liberated in themselves, Americans
will remain confronted by a system
that demands types, including vic-
tims. What other way of organizing
reality can deliver power and sell
product so effortlessly?
ROXANER.GARDETT
Hailey, Idaho

LETTERS TO THE EDITOR


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Shame May Make Misbehaving Pols Repent


Reading Jason Riley’s “The Politi-
cal Class’s Hypocrisy Long Predates
Covid-19” (Upward Mobility, Nov.
25), I am reminded of my own expe-
rience in November 2006. My wife
and I, after waiting on an hour-long
security line in San Juan, were
stopped so New York Governor-Elect
Eliot Spitzer and his entourage could
jump the line to be ushered through
security ahead of everyone else.
They skipped the X-ray machines and
bag scanners. The moans and groans

from those he passed were palpable
and he clearly heard them. Once
through security I got on a long line
for the Subway shop and along came
Mr. Spitzer, himself, who proceeded
to get on the line. While others told
him he could step in front of them,
he repeatedly declined and stayed in
place on line until he was served.
Clearly he had received the message.
Perhaps if we all complained more
often and vociferously, the political
elite would at least make an attempt
to be less hypocritical.
KENKOLKEBECK
Sparta, N.J.

Pepper ...
And Salt

President Trump Has Good
Point on U.S. Drug Prices
Regarding your editorial “Trump’s
Gift to Joe Biden” (Nov. 23): High-
minded talk about drug innovation is
all well and good, but the reality is
that Americans have been subsidizing
the rest of the world’s price-fixed
drugs for years. The only way to bring
the Europeans and other rich coun-
tries to the shared-cost table may be
to join them briefly with price con-
trols. We also have a problem of our
own making with medical litigation.
Allowing the plaintiffs bar to sue man-
ufacturers even when their warning
labels aren’t followed is a self-inflicted
wound that we should cure first.
CONANM.WARD
Princeton, N.J.

Trump’s Abraham Accords
Change Palestinians’ Plans
“Palestinians to Resume Coopera-
tion With Israel” (World News, Nov.
18) ascribes the offer to Palestinian
“comfort with... Biden...andas-
pirations to renew peace talks.”
Omitted is the 800-pound gorilla in
today’s Israeli-Arab world: normal-
ization of relations between Israel
and the United Arab Emirates, Bah-
rain and Sudan. This normalization
has removed the Palestinians from
the nexus of Israeli-Arab relations,
showing that the momentum for im-
proving the lives of people in the
region, Jews and Muslims, is bound
up in real cooperation, economic
ties, security coordination and
health exchanges. While the Pales-
tinians focus on pay for slay and
right of return, obstacles to any
peace with Israel, other Arab enti-
ties are forward-looking. So the Pal-
estinians are trying to get on a fast-
moving ship. But has that ship
sailed?
MARSHALGREENBLATT
Potomac, Md.

CORRECTION


The Supreme Court voted 5-4 against
appeals from California and Nevada
concerning limits on religious worship
in the pandemic. A Nov. 27 editorial,
“Fireworks Over Religious Liberty,”
misstated the vote count.

Trump’s Fraud Claims Hit a Barr


B


ill Barr can take the heat, and on Tuesday
the stalwart Attorney General guaranteed
he’ll get it when he said “to date, we have
not seen fraud on a scale that
could have effected a different
outcome in the election.”
Mr. Barr told the Associated
Press that allegations of “par-
ticularized” fraud, with some
that “potentially cover a few
thousand votes,” are being explored. But Presi-
dent Trump is down by 150,000 votes in Michi-
gan, 80,000 in Pennsylvania, and 20,000 in Wis-
consin. As for the idea that voting machines
were compromised, Mr. Barr said the feds “have
looked into that, and so far, we haven’t seen any-
thing to substantiate that.”
As specific claims of fraud get knocked down,
however, the broader tale of election theft takes
on the nature of the unfalsifiable. “We won the
election easily,” Mr. Trump said Sunday. He later
added: “It’s not like you’re going to change my
mind.” But where’s the hard evidence to con-
vince the country? Many of the theories floating
around don’t withstand scrutiny.



  • “Ballot dumps”: It’s being painted as suspi-
    cious that big batches of votes were reported in
    the early hours of Nov. 4. To take Wisconsin: Mr.
    Trump complained in a tweet that Joe Biden got
    “a dump of 143,379 votes at 3:42AM.” But the ex-
    planation is prosaic: Contemporaneous report-
    ing says this is when Milwaukee’s central count-
    ing location finished with roughly 170,000 mail
    ballots. They included votes for both candidates
    but broke heavily for Mr. Biden.
    The timing is unfortunate, but Wisconsin law
    doesn’t let counties process absentee ballots un-
    til Election Day, unlike states that reported early,
    including Florida. Still, the margin in Milwaukee
    County doesn’t look crazy: Mr. Biden won 69%
    to 29%, compared with Hillary Clinton’s victory
    of 65% to 29%. As a share of Wisconsin’s vote to-
    tal, Milwaukee County fell to 13.9%, from 14.8%.
    A recount finished last week increased Milwau-
    kee’s tally by only 382 votes.
    The same goes for Michigan, which reported
    a similar batch of ballots in the wee hours of Nov.



  1. State law says mail votes can’t be processed
    until one day before the election. The overnight
    jump for Mr. Biden appears to have come from
    Wayne County, which includes Detroit. But again
    the margins aren’t wild: Mr. Biden won there
    68% to 30%, compared with Mrs. Clinton’s 67%
    to 29%. As a share of Michigan overall, Wayne
    County fell to 15.8%, from 16.2%.
    Where Mr. Biden shined was the suburbs. To
    take Pennsylvania, he won Philadelphia with 81%
    to 18%, notably worse than Mrs. Clinton’s 83%
    to 15%. Meantime, Philly shrank to 10.7% of the
    state total, from 11.6%. But look at the surround-
    ing areas: Mr. Biden beat Mrs. Clinton’s share by
    3.1 points in Bucks County, 3.4 in Delaware


County, and 3.7 in Montgomery County.



  • Vote totals: “I got 74 million votes, the larg-
    est in the history of a sitting president,” Mr.
    Trump said Sunday. It’s 11 mil-
    lion more than in 2016. Yet he
    lost to Mr. Biden, who Mr.
    Trump said “did not get 16 mil-
    lion more votes than Barack
    Hussein Obama.”
    What’s unbelievable? The
    electorate grows. Since 2012, the voting-eligible
    population has risen by 17 million, according to
    estimates by the U.S. Elections Project. Turnout
    in 2020 was historic, helped by expanded absen-
    tee voting. If enthusiasm was also high, perhaps
    it’s because Donald Trump has been a polarizing
    President and drove Democratic as well as Re-
    publican turnout. As for the failure of bellwether
    states, they’re predictive until they’re not. Flor-
    ida and Ohio have trended red for years.

  • Poll watchers: Judges have dismissed affi-
    davits submitted by the Trump camp as “rife
    with speculation and guess-work” and “inadmis-
    sible as hearsay.” Other claims made in public
    circulate largely without being tested. A poll
    watcher from Delaware County, Pa., alleged last
    week, without giving any evidence, that 47 USB
    cards used in the election “are missing, and
    they’re nowhere to be found.” Where’s the
    proof? “We are aware of these allegations,” says
    Laureen Hagan, the chief elections clerk in Dela-
    ware County. “They are false. All votes on all
    scanners have been accounted for.”

  • Dominion: On Sunday, Mr. Trump called Do-
    minion voting systems, used in dozens of states,
    “garbage machinery.” But the totals from Geor-
    gia’s hand recount closely matched the results
    from its scanners. How does Mr. Trump explain
    that? In an op-ed for these pages, Dominion’s
    CEO denied the “bizarre” claim that his company
    is tied to Hugo Chávez. Third-party labs, he said,
    “perform complete source-code reviews on ev-
    ery federally certified tabulation system.”
    iii
    Fighting such claims is like whack-a-mole. No,
    Pennsylvania didn’t count more mail votes than
    it sent out. No, Wisconsin didn’t have 89% turn-
    out. No, several states didn’t simultaneously quit
    counting ballots on election night. No, ballots in
    Arizona filled out with Sharpie markers weren’t
    discounted. In an election with 155 million votes,
    there are no doubt irregularities and maybe
    some fraud. But for Mr. Trump to win the Elec-
    toral College, he’d need to flip tens of thousands
    of votes in multiple states.
    We’re open to evidence of major fraud, but we
    haven’t seen claims that are credible. Now comes
    Mr. Barr, who has no reason to join a coverup. He
    likes his job. He wanted Mr. Trump to win. As the
    election timetable closes, Mr. Trump should fo-
    cus on preserving his legacy rather than dimin-
    ishing it by alleging fraud he can’t prove.


TheAGsaysthefeds


have seen no evidence


to overturn the election.


The Woke Nasdaq


W


ith all the ways for business to raise
capital nowadays, listing on a U.S.
stock exchange has lost much of its
appeal. Enter the Nasdaq on Tuesday with a pro-
posal to make itself even less competitive.
The second largest exchange in the world has
asked the Securities and Exchange Commission
for permission to impose a quota system on the
boards of its listed companies. The new rule
would mandate that corporate boards have a
minimum of one woman director and one who is
a minority or LGBTQ. Small companies and for-
eign companies could get by with two women. No
mention of whether directors should know some-
thing about the business.
Like much of corporate America today, the
Nasdaq is virtue signaling at the expense of
someone else. This is far from its reason for be-
ing, which is a marketplace to raise money while
spreading the benefits of capitalism and corpo-
rate ownership. Imposing its own identity poli-
tics on some 3,300 listed companies meddles in
corporate management and will harm economic
growth and job creation.
A free society looks at the skill and talent of
individuals, not their physical appearances.
Companies have an interest in discovering talent
wherever they can find it. Smart companies
know a diverse workforce can be a competitive
advantage. But beyond demanding honest man-
agement and transparency for shareholders, the
exchange has no role in dictating personnel deci-
sions. Imposing quotas is contrary to good cor-
porate governance and puts politics ahead of the
purposes of a stock exchange.
In its filing with the SEC, according to the Wall


Street Journal, Nasdaq “cited multiple studies
which found that greater diversity on boards is
associated with improved corporate governance
and financial performance.” But if that’s true,
companies hardly need the Nasdaq to mandate
the board’s makeup. Or is the Nasdaq suggesting
that without its racial and gender orders, compa-
nies will eschew the profit motive?
In a speech last year in San Diego, SEC com-
missioner Hester Peirce addressed the pros and
cons of diversity objectives, noting that “boards
that make a concerted effort to be creative in
looking to fill substantive gaps are likely to look
in places they would not traditionally have
looked.” But she warned against “formulations
from the government [that] improperly override
private sector decisions” and “an improper fed-
eralization of corporate governance.”
She also observed that “external microman-
agement of board composition adds yet another
cost to the already high cost of being a public
company.” She’s right, and it comes when the
number of public companies listed on U.S. stock
exchanges is down 25% since the mid-1990s.
Many founders prefer private placements, pri-
vate equity and venture capital or even the OTC
Market, a trading system for non-exchange
listed equities.
The current SEC is unlikely to grant Nasdaq’s
request, but Joe Biden’s appointees probably
will, given the demands of identity politics in the
Democratic Party. Once upon a time the Nasdaq
was an outlet for capital for sprightly entrepre-
neurs. Its identity diktats suggest it is now about
enforcing the political fashions of the day on pri-
vate owners and management.

Whole Foods Capitalism


B


ernie Sanders may have made socialism
mainstream, but John Mackey isn’t buy-
ing. Recently the Whole Foods CEO char-
acterized socialism as “trickle up poverty”—
while defending capitalism as the “greatest
thing humanity’s ever done.”
Mr. Mackey offered his remarks while
promoting his latest book, “Conscious Lead-
ership.” The title points to the strategies he
pursued in building Whole Foods. But the
subtitle captures his larger message: “Ele-
vating Humanity Through Business.” His ar-
gument is that businesses make money by
creating value for others—producing goods
or services that people want and can afford,
creating livelihoods for workers, providing
returns for its investors and helping commu-
nities.
In founding Whole Foods, he admits he
wanted to make money. But he emphasizes


that what really drove him was a passion to
put fresh and healthy food within reach of all
Americans. He says too many progressives and
universities never see this larger story be-
cause they can’t get past the idea of profits,
which they believe are dirty. Too many busi-
ness leaders fail to push back.
“We’ve told a bad narrative,” he said, “and
we’ve let the enemies of business and the ene-
mies of capitalism put out a narrative about
us that’s wrong.” It builds on his previous re-
marks that “from an ethical standpoint, we
need to change the narrative of capitalism, to
show that it’s about creating shared value, not
for the few but for everyone.”
Mr. Mackey is right to worry that socialism
may win the argument even as in practice it
always proves a disaster. Instead of shrinking
from political criticism, other CEOs could
learn from his example.

REVIEW & OUTLOOK


OPINION

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